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The global economic slowdown has dampened exports of flowers from India Although India is among the world’s largest flower-producing countries, its share in the international market—which is still negligible—declined further with exports falling by 5% during the year 2008- 09. Flower exports...

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Meenakshi Maheshwari  and   Sanket Dhanorkar 02 December 2009
Asahi Fibres’ board seeks shareholders’ approval for corporate guarantee to its associate company for an amount 20 times its net worth, but a year late Asahi Fibres Ltd, engaged in the manufacture of yarn and fabrics, got a fresh lease of life in 2008 when the Board for Industrial and...

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Pantaloon Retail is also looking to hive off its value retail chain, Big Bazaar, into a separate subsidiary which may float an IPO. Pantaloon Retail India Ltd (PRIL), the country's largest listed supermarket operator, plans to spend Rs360 crore in the remainder of this fiscal to add up to...

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With its sudden exit from the race to acquire Great Offshore, ABG has made a profit of Rs46.80 crore on an investment of about Rs124 crore The race to acquire Great Offshore Ltd (GOL) has ended with the sudden exit of ABG Shipyard Ltd. With this development, Bharati Shipyard Ltd is all set to...

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Defamation cases, threatening calls, late-night work and accusations of being against power utility Reliance Infrastructure. Sandeep Ohri, an ordinary citizen, went through all this—and more—to ensure that the electricity distribution monopoly in Mumbai was broken... with lots of support from...

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‘What’s on India’, a TV guide channel, will be available to viewers on some DTH services and cables. Television guidance channel ‘What’s on India’ is planning to tie up with direct-to-home (DTH) services providers Airtel Digital, Tata Sky and Dish TV as well as with some local cable operators...

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The Supreme Court had sought a response after Anil Ambani-led RNRL had consented to the government being made a party to the dispute The Indian government on Wednesday filed its affidavit in the Supreme Court on the ongoing gas row between the Ambani brothers saying that the arrangement for...

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Profit-booking pulls down markets; auto stocks put up a good show Indian markets ended up in negative territory, mainly on profit-booking. The Sensex closed at 17,170, declining 28 points from the previous day’s close. The Nifty closed at 5,123; up one point.  Auto stocks were among the major...

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Instead of producing 10 to 15 in-house shows and serials, big media houses are now tying up with individual producers and scriptwriters for good quality content Big media houses are finding it difficult to generate good content and are now eying to tie up with well-known writers and...

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Indian banks not worried about exposure to Dubai 02 December 2009
While Dubai grapples with a financial crisis, Indian banks like Bank of Baroda and SBI will be forced to take a deeper look into their exposure to Dubai-based entities Dubai’s relentless pursuit of growth received an unprecedented jolt last week, when its heavily indebted flagship holding...

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The Sensex closed at 17,198 as it gained 272 points from the previous day’s close, while the Nifty closed at 5,122, up 89 points, after data showed strong Indian economic expansion in the September quarter.  During the day, Sun Pharmaceutical jumped 6%. The company had recently received United...

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Market regulator Securities and Exchange Board of India (SEBI) has made a lot of sound and dance about its proposed exchange platform for small and medium enterprises (SMEs). It has announced a list of norms for the new platform, which leave several questions unanswered. For instance, will...

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Following tough competition from China and South Korea as well as lack of incentives, many Indian textile exporters are unwinding their positions from traditional markets like the US and the EU. These exporters are now focussing on markets like Japan, the Latin American countries, New Zealand...

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Remember something called Indonext? Even hardcore market players would take a few minutes to recall this market segment created as a separate platform in the Bombay Stock Exchange in 2005 for small and medium enterprises (SMEs) under a diktat from the then finance minister P Chidambaram. That...

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Iran is believed to be ready to offer a 40% stake in a giant gas field in the Persian Gulf to India's ONGC Videsh Ltd (OVL) and non-resident Indian (NRI) business conglomerate of the Hindujas. On the second day of talks the two held with a delegation led by Iran's deputy oil minister and...

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The Indian government on Tuesday said three companies of the Anil Dhirubhai Ambani (ADA) group—Reliance Infrastructure Ltd (RInfra), Reliance Natural Resources Ltd (RNRL) and Reliance Communications Ltd (RCom)—have violated overseas debt norms, reports PTI. While the matter pertaining to RInfra...

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GMR group company GMR Energy Ltd on Tuesday said it would invest Rs18,000 crore over the next three years to increase its electricity generation capacity to around 3,300MW from a little over 800MW now, reports PTI. "These projects would be funded in a debt-equity ratio of 75:25. For the equity...

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UTV Software Communications Ltd said its unit, UTV Motion Pictures, has signed a series of non-exclusive television rights syndication deals worth Rs95 crore with some TV channels. The deals cover the entire portfolio of UTV Motion Pictures’ 2008 and 2009 productions, from ‘Oye Lucky! Lucky...

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Cost to investor under the new proposed route could reach up to eight times the expenses under current model While SEBI’s move to allow brokers to deal in mutual fund products was meant to serve investor interests, it looks more likely that investors may end up shelling out more than they...

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Computer glitches resulting from viruses continued to disrupt the Common Admission Test (CAT) 2009 for the third consecutive day on Monday amid indications that the exam could be extended beyond the 7th December deadline.  According to media reports, two viruses namely 'Conficker' and 'Nimda'...

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